Circular on Credit Classification of Banks No. 10/1/8725 dated 16/7/2014

Licensed banks in Jordan are required to provide the Central Bank of Jordan with their most recent credit rating reports and any subsequent updates from global credit rating agencies. This obligation applies to local banks, banking groups, and any entities within those groups, as well as to parent banks of foreign banks operating in the Kingdom. The requirement is based on Article 45/A of the Central Bank of Jordan Law No. 23 of 1971 and its amendments.

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In the name of Allah, the Most Gracious, the Most Merciful

Number: 8745 / 10 / 10
Date: 18 / 9 / 1435 AH
Corresponding to: 16 / 7 / 2014 AD

Circular to Licensed Banks

Greetings,

Based on the provisions of Article (45/A) of the Central Bank of Jordan Law No. (23) of 1971 and its amendments, and within the framework of the Central Bank of Jordan's commitment to addressing changes in the credit ratings of banks operating in the Kingdom, please provide us with, effective from the date of this circular, the most recent credit rating report prepared for the bank by global credit rating agencies, accompanied by their credit evaluation reports, and any updates to those evaluations and reports in the future, at the following levels:

First: The bank, the banking group, and any entity within the banking group, for local banks only.

Second: The parent banks of foreign banks operating in the Kingdom.

Please accept our highest respect,

Governor
Dr. Ziad Friez

Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 9883646, 9739646, 9769646 • Phone: 201-463 • P.O. Box 37, Amman 11118, Jordan (1/0/0/1/1) Form

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Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works